Octane is actually a combustion retardant.
They add it into petrol to slow the explosion in the piston down so that you get a more "gradual" power cycle instead of a shorter, sharper one.
Try and visualise the piston in a car's cylinder...
okay? got the picture in your mind?
Now, when the spark plug ignites the fuel/air mix, there is an explosion! The explosion pushes the piston down and, in turn, powers the crank which delivers power to your wheels...
Now, imagine the explosion being a short, sharp burst... if you can liken it to rowing... exerting all your power in the first quarter of the rowing movement... Your power transfer is not very efficient.
By adding octane, they slow the explosion down. so that the gasses expand for longer, pushing the piston for the entire length of its stroke. Kinda like a nice, full controlled stroke with the oar... where you deliver your power evenly throughout the time the oar is in the water... the energy is transferred more efficiently.
Up in the highveld, we have about 20% less atmospheric pressure. if the pressure at sea level is 1bar, we have 0.8bar up here in jozi.
So the less pressure, the less oxygen in the fuel/air mix in the cylinder to power the explosions... So our cars perform a little worse up here. The fact that we have 95 AND 93 up here is a price factor. Fuel costs more up on the highveld coz they gotta drive it up here... so they have the "cheaper" option.
They don't offer 93 down at the coast because it'll cause "knocking".
knocking, is where the piston and the valves exceed their design force loads (due to the shorter, more intense explosion) and "knock" against the crank case and the cylinder head respectively. That is why only 95 octane is available at the coast.
97 was phased out purely because of price... Shell V-Power started it all... went from 97 to 95 and was a little cheaper but still had pretty much the same performance... so fuel manufacturers took a managerial decision to drop the premium petrol octane from 97 to 95... remember 87? Hehehe...
As for difference between brands of fuel... hahahaha! they're all pretty much the same! THEY HAVE TO BE! As per government regulations! There are no cute little dudes or fast little fishies that make one petrol better than another, because they're all refined in the SAME PLACE! kinda like the "Duff Beer" factory in the Simpsons! Any additives they claim to have, be it "Vapouron Boosters" or "Techron" is actually de-foaming agents and colourants... they ain't allowed to add ANYTHING else! Besides, why would one company add more crap in their fuel and sell it AT EXACTLY THE SAME PRICE as the next guy? They have to have the same price due to gvmt regs!
Hope the short lecture on fuel was informative! Safe Driving peeps!